AfriTin Mining Ltd Directors Trading (1937C)
January 18 2018 - 2:00AM
UK Regulatory
TIDMATM
RNS Number : 1937C
AfriTin Mining Ltd
18 January 2018
AfriTin Mining Limited
("AfriTin" or the "Company")
Directors Trading
AfriTin Mining Limited (AIM:ATM), a mining company with a
portfolio of near production tin assets in Namibia and South
Africa, confirms that it has received notice that on 17 January
2018 Anthony Viljoen, a director of the Company, purchased 207,290
Ordinary Shares at a price of 2.4p per Ordinary Share, this brings
Anthony's total holding in the Company to 2,723,942 Ordinary Shares
representing 0.92% of the issued share capital of the Company and
0.92% of the total voting rights of the Company.
AfriTin Mining was formed earlier this year to take advantage of
the global tin deficit and rising consumer demand and has a vision
to create a portfolio of world-class tin producing assets.
AfriTin Mining's flagship asset is the Uis brownfield tin mine
in Namibia, historically, the world's largest open cast hard-rock
tin deposit. With engineering plans near completion, the Company
currently plans to fast track the mine to production in 2018. Uis
was discovered in 1911 and Iscor started production at Uis in the
1970s and ended in 1990 as a result of depressed tin prices.
AfriTin Mining is expecting early cash flows to scale up production
and expand the Company's footprint.
Commenting Glen Parsons, Chairman of AfriTin Mining, said: "As
we have already stated, our vision is to become a fully-fledged,
conflict free tin mining company. As part of our strategy we have a
clear path to early stage production with the key elements already
well underway. The admission to AIM has allowed us to raise
sufficient capital to achieve this strategy and work towards
consistent cash flows, in a positive tin price environment. I
believe that having directors purchase shares in their own right is
a testament to our belief in the strategy going forward. We are
looking forward to 2018."
Summary of Directors Interests
A summary of all the Directors' interests in the Company is set
out below:
Director Number of Shares per. cent
----------------- ----------------- ----------
Glen Parsons 1,025,641 0.34
----------------- ----------------- ----------
Anthony Viljoen 2,723,942* 0.92
----------------- ----------------- ----------
Roger Williams 641,025 0.22
----------------- ----------------- ----------
Laurence Robb 320,512 0.11
----------------- ----------------- ----------
*This includes 516,652 Ordinary Shares pursuant to the Demerger
Arrangement with Bushveld Minerals Ltd.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
---- ------------------------------------------------------------------------------------------------
a) Name Anthony Viljoen
---- ----------------------------------------------------------------- -----------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------------------------
a) Position/status Director, CEO
---- ----------------------------------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
---- ----------------------------------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------------------------------
a) Name AfriTin Mining plc
---- ----------------------------------------------------------------- -----------------------------
b) LEI
* 213800FKOXWBL6JBVH90
---- ----------------------------------------------------------------- -----------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
---- ------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary share
Identification code
GG00BD95V148
---- ----------------------------------------------------------------- -----------------------------
b) Nature of the transaction Acquisition of shares
---- ----------------------------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
2.4p 207,290
--------- ----------
---- ----------------------------------------------------------------- -----------------------------
d) Aggregated information
* Aggregated volume 207,290
2.4p
* Price
---------------------------------------------------------------------- -----------------------------
e) Date of the transaction 17 January 2018
---- ----------------------------------------------------------------- -----------------------------
f) Place of the transaction XLON, AIM
---- ----------------------------------------------------------------- -----------------------------
Enquiries: info@afritinmining.com
AfriTin Limited
Anthony Viljoen (CEO) +27 (11) 268 6555
Nominated Adviser and Broker
WH Ireland Limited
Katy Mitchell
Adrian Hadden +44 (0) 207 220 1666
James Sinclair-Ford
Joint Broker
Beaufort Securities Limited
Jon Belliss +44 (0) 207 382 8300
Financial Public Relations
Tavistock
Jos Simson / Barney Hayward +44 (0) 207 920 3150
Notes to editors
AfriTin Mining's vision is to create a portfolio of world-class,
conflict-free, tin producing assets and be the first pure tin
company listed in London. The company's flagship asset is the Uis
brownfield tin mine in Namibia, formerly the world's largest
hard-rock tin mine. AfriTin is managed by a highly experienced
board of directors and management team with a current two-fold
strategy: fast track Uis brownfield tin mine in Namibia to
commercial production in 2018 ramping up to 5,000 tonnes of
concentrate, and consolidation of other quality African tin assets.
The Company strives to capitalise on the solid supply/demand
fundamentals of tin by developing a critical mass of tin resource
inventory and achieving production in the near term and further
scaling production by consolidating tin assets in Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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